DrCrMemoryAid - List the types of classifications of...

RULES OF DEBIT AND CREDIT – MEMORY AID “After Eating Dinner” Approach: The rules of debit and credit can also be explained with the following saying: After eating dinner, let’s read the comics. Here’s how it works. A fter E ating D inner, L et's R ead the C omics Accounts increased Accounts increased with a debit: with a credit: A ssets L iabilities E xpenses R evenues D ividends C apital Stock “ALICE” Approach: The rules of debit and credit can also be explained using the Acronym “ALICE.”

This is the end of the preview.
Sign up
to
access the rest of the document.